Two-Unit
New
For Sale
$399,000
8090 50TH AVE N #8092, St Petersburg, FL 33709
One residence has a month-to-month occupant, while the other is furnished and used for short-term stays.
Property Size2,091 SF
Days on Market3
Property Features for 8090 50TH AVE N #8092
General Information
Standard status
Active
Size
2,091 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,792
Amenities
off-street parking
Building Details
Building Size
2,091 SF
Year Built
1978
Listing Agency:
PYRAMID REALTY INC.
Listed By:
Andrea Grutman · License #3288229
(727) 492-2839
Source:
Judibeck
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 10:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PYRAMID REALTY INC.
Investment Insights
Based on property information with market context.
This 2,091-square-foot duplex, built in 1978, contains two residences with different current setups. One is occupied by a month-to-month tenant; the other is furnished and used as an Airbnb. The updated unit has white kitchen cabinetry, stainless steel appliances, breakfast-bar seating, updated flooring, and a renovated bathroom. Off-street parking is available.
Shopping, restaurants, major roadways, downtown St. Petersburg, and Gulf beaches are among the nearby destinations. The property’s two-unit configuration and existing occupancy provide distinct arrangements across the residences.
Shopping, restaurants, major roadways, downtown St. Petersburg, and Gulf beaches are among the nearby destinations. The property’s two-unit configuration and existing occupancy provide distinct arrangements across the residences.
Key Highlights
- Two‑unit duplex with 2,091 square feet
- Built in 1978
- One unit has a month‑to‑month tenant; the other is furnished and used as an Airbnb
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,407
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,140
$488.1K
Cap Rate 7%
$348,671
$348.7K
Cap Rate 9%
$271,189
$271.2K
Market Conditions
NOI Build-Up for 2,091 SF
Gross rent
$37.4K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$34.9K $16.67/SF
− OpEx
−$10.5K −$5.00/SF
NOI
$24.4K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,140
Cap Rate 7%
$348,671
Cap Rate 9%
$271,189
Alternative Uses
Best Use
Multifamily LT 5
$348.7K
$305.1K – $406.8K
NOI $24,407 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,231 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$543.9K
$475.9K – $634.5K
NOI $38,072 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 33709, FL
27,026
Population
13,767
Households
2
Avg Household Size
50
Median Age
19%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
5,299
Density / Sq Mi
$52,621
Median Household Income
$35,488
Median Earnings
$1,317
Median Rent
$190,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence has a month-to-month occupant, while the other is furnished and used for short-term stays.
Where is this duplex located?
The property is located at 8090 50TH AVE N #8092 St Petersburg, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,091 square feet; Built in 1978; One unit has a month‑to‑month tenant; the other is furnished and used as an Airbnb
